Slide 1: Q1 2024: Continued focus on the future in a cautious market
Q1 2024 Continued focus on the future in a cautious market
Slide 2: Presenters: Jenny Sjödahl and Joakim Laurén
Jenny Sjödahl Joakim Laurén President & CEO CFO
Slide 3: Agenda April 24, 2024
AGENDA APRIL 24, 2024 Business Update Jenny Sjödahl Financial Performance Joakim Laurén Concluding Notes and Outlook Jenny Sjödahl Q&A
Slide 4: Business Update for the quarter
Business Update for the quarter Q1 shows a sequential improvement for order intake, sales and earnings compared to last quarter. Orders still on moderate levels affected by weaker demand for both business entities, driven by the uncertainty in the world economy. Comparison to the record-breaking
Slide 5: Business Update for the business entities
Business Update for the business entities Westermo Mixed picture with order bookings affected by a somewhat cautious market, but customer activities and pipeline remains on a strong level. Sales growth with a less favourable mix limits the profitability to 15%. Short term, we see a weaker backlog fo
Slide 6: Orders and Sales
Ependion 750 Orders 3 000 750 Sales 3 000 700 2 800 700 2 800 650 2 600 650 2 600 600 2 400 600 2 400 550 2 200 550 2 200 500 2 000 500 2 000 450 1 800 MSEK by LTM 450 1 800 MSEK by LTM MSEK by Qtr MSEK by Qtr 400 1 600 400 1 600 350 1 400 350 1 400 300 1 200 300 1 200 250 1 000 250 1 000 200 800 20
Slide 7: Ependion Q1 financials
Ependion Q1 Q1 FY MSEK % 2024 2023 2023 Comments to Q1 Order intake 527.5 617.3 -15% 2,307.0 Sales 598.5 623.2 -4% 2,470.6 Earnings step-up from last quarter to 74 MSEK but EBIT 74.5 85.2 -13% 321.7 lower than the record-breaking first half of the year. EBIT% 12.4% 13.7% 13.0% Positive total FX-
Slide 8: Westermo
Westermo Q1 Q1 FY MSEK % 2024 2023 2023 Comments to Q1 Order intake 310.3 355.7 -13% 1,421.6 Sales 363.8 335.0 9% 1,444.0 Order intake comparison disturbed by last year’s order EBIT 55.4 54.8 1% 237.7 horizon adjustments by the largest customer in the first EBIT% 15.2% 16.4% 16.5% half-year. Sales
Slide 9: Beijer Electronics
Beijer Electronics Q1 Q1 FY MSEK % 2024 2023 2023 Order intake 218.9 264.8 -17% 891.5 Comments to Q1 Sales 236.4 291.4 -19% 1,032.9 EBIT 31.4 44.0 -29% 133.7 Overall order booking levels similar to the last three EBIT% 13.3% 15.1% 12.9% quarters. Asia region still low while EMEA show an uptick and
Slide 10: Concluding notes by Jenny
Concluding notes by Jenny The start of 2024 is a step-up compared to Q4 last year. We are balancing future-focused activities with adjusting running costs to current volumes. The general market is still uncertain, and we keep close attention on the development — we are prepared to act further
Slide 11: Ependion Financial targets
Ependion Financial targets REVENUES PROFITABILITY DIVIDEND 10 % average annual 15 % operating margin A dividend-paying growth – acquired growth (EBIT) company added
Slide 12: Outlook
Outlook Ependion operates in attractive markets with good underlying growth and, in the mid term, has good prospects for reaching both the growth and profitability targets. At the same time, there is still a great deal of uncertainty about the development in 2024, both in geopolitical and economic t
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